Korea Investment CORP Sells 169,874 Shares of LyondellBasell Industries N.V. $LYB

Market Beat
2026.03.13 09:17
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Korea Investment CORP has significantly reduced its stake in LyondellBasell Industries N.V. by 73.9%, selling 169,874 shares in the third quarter, leaving it with 60,076 shares valued at approximately $2.95 million. This move comes amid mixed analyst ratings for the stock, with a consensus rating of "Hold" and a target price of $61.61. LyondellBasell's recent earnings report showed a loss of $0.26 EPS, missing estimates, and a 9.2% decline in quarterly revenue compared to the previous year. The company also cut its dividend recently.